The Plastics News reports that the company is moving its corporate HQ out of upstate NY after a nearly 35 year presence. It will also close its Middletown NY production facility and move those operations to Charlotte as well. See Plastics News article here.
See announcement on Pregis website here.
Sealed Air Corporation (NYSE:SEE) today announced that it is implementing a price increase of four percent for the majority of its North American Product Care division packaging products, effective March 1st, 2017.
This price adjustment is in response to increases in the cost of resin and other raw materials that are expected during 2017, and to address the rise in other input costs such as labor, utilities, freight, and supplies.
Pregis has announced an investment of approximately $17 million in its Grand Rapids, MI facility, which has been known as Eagle Film Extruders. The investment will be supporting expanded production space, as well as new flexible packaging manufacturing and converting equipment. See article here for more information.
Storopack acquired assets from both Sealed Air Corp. of Charlotte, N.C., and Cpi Packaging Inc. of Somerset, N.J., the Metzingen, Germany-based company said.
See Plastics News article here.
As PE supply continues to remain plentiful, processors position for lower prices going forward. See update here.
Pregis LLC, starting next month, will institute monthly fees for new placements of equipment. See Plastics News article here.
See corporate announcement here.